Flow, the residential real estate firm launched by former WeWork CEO Adam Neumann, has raised over $100 million in fresh funding, pushing its valuation to approximately $2.5 billion. This represents a more than twofold increase from the $1 billion valuation set in 2022, reflecting robust investor confidence in Neumann’s latest venture, despite the controversies surrounding his departure from WeWork.
The latest funding round saw participation from existing investor Andreessen Horowitz (a16z), which increased its ownership stake from 20% to 25%. Flow has been actively expanding its portfolio through strategic acquisitions. In Miami-Dade County, the company purchased an office complex in Aventura for $116 million as a minority investor and acquired a 16-acre developable site for $71 million.
Flow owns two Florida apartment buildings: the 639-unit Society Las Olas in Fort Lauderdale and another property in Miami. The company is also developing a 466-unit condominium in Downtown Miami, backed by a recently secured $155 million financing package.
Flow’s reach extends beyond the United States, with teams located in New York, Palo Alto, and Riyadh. Its international ambitions include using Saudi Arabia’s NEOM smart city project as a blueprint for AI-integrated communities, with Flow’s Saudi properties becoming the first to operate entirely without third-party property management. How Flow reimagines residential real estate
Unlike WeWork’s office focus, Flow targets residential real estate, emphasising rentals and co-living spaces. The company aims to transform the apartment industry through a vertically integrated residential experience that combines technology, design, hospitality, and community on a single platform.
In a letter to employees obtained by Calcalist, Neumann described Flow’s mission as “connecting people to their community, to the outside world, and the best version of themselves” by “reinventing the entire experience” of residential real estate.
Society Las Olas, Flow’s flagship property in Fort Lauderdale, showcases this vision. The building features vibrant communal spaces, lush greenery, and a proprietary app that manages everything from maintenance requests to virtual key access. The company is enhancing the property to emphasise warmth and community, with amenities like an outdoor garden and pool designed to foster connections among residents, directly addressing the isolation brought by remote work.
Flow competes in a crowded proptech market alongside Common (affordable co-living spaces), WeWork’s former residential arm, WeLive, and Habyt, a European AI-driven flexible lease provider. Flow distinguishes itself through its comprehensive ecosystem, which unites ownership, management, and community building under one roof, leveraging proprietary technology. AI is at the core of technology and business model
Neumann has structured Flow around four interconnected elements: property management, real estate holdings, financial services, and value redistribution. Flow’s core offering is a software platform that manages entire buildings with minimal human intervention. Its AI-driven system automates maintenance, leases, and tenant communications to reduce costs and improve reside
